CapMan Real Estate press release
14 January 2020 at 4.30 p.m. EET
CapMan Real Estate in cooperation with Universal-Investment continues acquisitions for BVK by acquiring a property in Copenhagen from MT Højgaard
CapMan Real Estate expands Bayerische Versorgungskammer’s (BVK) Danish portfolio with the acquisition of a 8,900 sqm project developed by MT Højgaard in Flintholm. The acquisition expands the investment volume of CapMan’s mandate from BVK, which is a real estate fund held on the fund platform of Universal-Investment, to EUR 850 million based on the GAV of the portfolio.
The Flintholm property is located in Frederiksberg, an attractive residential area in Copenhagen, with park access and close to one of the main transportation hubs in the city.
The project will comprise 5,940 sqm residential area in 54 units, 500 sqm retail space and 59 parking spaces as well as storage space in the basement. All units will be equipped by either balconies or terraces.
The property is acquired on a forward funding basis from MT Højgaard, who will also be the general contractor. Construction of the property starts in the first quarter of 2020 with delivery of the turnkey project expected by the end of 2021.
“Flintholm is an excellent addition to BVK’s high quality residential portfolio. We look forward to our continued co-operation with BVK as we have a strong pipeline for further acquisitions across the Nordic countries,” comments Robert Feldt, Investment Director at CapMan Real Estate.
High requirements for architecture and townscape from Municipality of Frederiksberg
Architect Holscher Nordberg has designed an attractive project with attention to detail. This becomes apparent in the terraced building with the light shaded bricks, active zones in front of the retracted entrances, balconies with integrated plant containers and bay windows with views towards the park.
“With the development and sale of this project, we ensure a well-executed finalization of the area and delivery of a product that is in line with our own and the Municipality of Frederiksberg’s high requirements to architecture and townscape. We have been working with these features of the project, that in sum adds more value to the town and the community in the area”, comments Christina Jørgensen, Director of Project Development & PPP at MT Højgaard.
CapMan Real Estate’s Nordic organisation includes more than 40 committed real estate investment professionals, managing over €2.5 billion in real estate investments.
For further information, please contact:
Robert Feldt, Investment Director, CapMan Real Estate, tel. +45 50 51 88 41
Christina Jørgensen, Direktør for Projektudvikling & OPP, MT Højgaard, tel. +45 42 65 68 65
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg. Visit www.capman.com for more information.
About Bayerische Versorgungskammer:
Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.3 million insured persons in total, with contributions of €4.8 billion and €3.4 billion pension payments annually. It currently has €77 billion assets under management and 1,315 employees. www.versorgungskammer.de
With fund assets of around EUR 491 billion under administration, thereof EUR 377 billion in own vehicles and around EUR 114 billion in, inter alia, insourcing, well over 1,400 mutual and special investment mandates and a workforce of around 750, Universal-Investment is the largest independent investment company in the German-speaking region. With the acquisition of UI labs in January 2019, the industry-leading IT data specialist now completes the Group’s service portfolio by adding front office and data solutions. The investment company is the central platform for independent asset management and unifies the investment know-how of portfolio managers, private banks, asset managers and investment boutiques. Founded in 1968, the Universal-Investment Group is headquartered in Frankfurt/Main and has subsidiaries, branches and holdings in Luxembourg, Poland and Austria. It is one of the pioneers of the investment industry and has meanwhile become the market leader in the areas of master-KVG and private label funds. According to the 2019 PwC ManCo Survey, Universal-Investment is the largest AIFM ManCo in Luxembourg; among the Third-Party-ManCos, Universal-Investment also ranks in first place (as of November 30, 2019). More information available at: www.universal-investment.com
About MT Højgaard A/S
MT Højgaard is one of the leading construction companies in the Nordics. We create those spaces that we live, work and move around in and we have been doing that for a hundred years. Today we combine our practical know-how with advanced technology and we insist on co-operation based on dialogue, curiosity, courage and enthusiasm. MT Højgaard is a part of MT Højgaard Group. The Group’s 3,600 employees focus on co-operation, innovation, processes and sustainability. Visit us at mth.dk.